Water Corp revenues ‘near double’ in record September
The Water & Sewerage Corporation’s chairman says it closed September on “a high note” by “almost doubling” monthly revenue to $3.6m - with the prospect of much more to come.
Agriculture minister argues policy must be data-driven
A Cabinet minister has underscored the need for “data” to drive government agricultural policy, with stakeholder consultation “as often as possible” critical to this effort.Michael Pintard, pictured, minister of agriculture and marine resources, told
Fishermen urge: 'Wake up' to long line usage
Fishermen have reiterated their call for the expansion of commercial fishing in The Bahamas, telling this newspaper: “We need to fish our ocean.”Keith Carroll, the Bahamas Commercial Fishers Alliance (BCFA) vice-president, told Tribune Business: “We
Our infrastructure needs 'beyond fiscal capacity'
The Government yesterday unveiled its promised public-private partnership (PPP) framework, conceding that this nation’s “infrastructure needs are beyond our fiscal capacity”.The ministry of finance, in a statement, said the policy was designed to bet
Poor Bahamians region's hardest hit by fuel hikes
The poorest 40 percent of Bahamian society are among the hardest hit in the Latin American and Caribbean region by any increase in fuel prices, an IDB study has found.The newly-released Inter-American Development Bank (IDB) report, which analyses the
Disney 'second best' to Foundation's retain all
An Eleuthera non-profit yesterday argued that Disney’s Lighthouse Point plans are “second best” to its proposal that retains “100 percent of the land and profits for Bahamians”.Shaun Ingraham, the One Eleuthera Foundation’s (OEF) chief executive, tol
'Absolute game changer' if bill properly enforced
The Fiscal Responsibility Bill is “an absolute game changer” for good governance if properly enforced and complied with by the public sector, a leading reform campaigner said yesterday.Robert Myers, the Organisation for Responsible Governance’s (ORG)
Activist: 'I've not bought fairytale' on Disney plans
An environmental activist yesterday said she had “not bought the fairytale” on Disney’s plans for Lighthouse Point, and urged it to “compromise” by using an existing cruise port.Sam Duncombe, reEarth’s president, told Tribune Business that using the
Crystal Palace set for demolition on Monday
Baha Mar’s owner and its contractor yesterday said they had received the necessary government approvals to demolish the former Crystal Palace resort and casino this coming Monday.A statement from Perfect Luck (No 2) Ltd, which is now owned by Hong Ko
Reformer concern: Accounts Committee loses fiscal bill role
Governance reformers yesterday expressed concerns that revisions to the Fiscal Responsibility Bill could weaken efforts to hold the Government accountable for breaching financial targets.The Organisation for Responsible Governance (ORG), which has le
IAN FERGUSON: Harnessing technology for tourism's advantage
The United Nations’ World Tourism Organisation (WTO) yesterday celebrated World Tourism Day under the theme, Tourism and the Digital Transformation. The Bahamas joined the commemorative event in a bid to create greater awareness of the role that tour
Disney: $400m spend to 'better' top location
Disney yesterday said Lighthouse Point will be transformed into its top global cruise destination through a $350-$400m “mutually beneficial” investment for Bahamians and passengers alike.Jeff Vahle, Disney Cruise Line’s president, told Tribune Busine
Govt debt just short of $8bn
The Bahamas’ national debt was just short of the $8bn mark at end-June, although its growth rate slowed significantly in a second quarter known for generating strong economic activity.The Central Bank of The Bahamas’ just-released report for the thre
Water Corp targets ‘half’ of $45m owed in mass disconnect
The Water & Sewerage Corporation yesterday warned it will launch a mass disconnection exercise next week in a bid to collect “nearly half” the $45m owed by deadbeat customers.
Disney feared for brand over project criticism
Disney Cruise Line’s president yesterday admitted it had been “bothered” by inaccurate criticism of its Lighthouse Point plans, which created fears of brand and “reputation” damage. Jeff Vahle, in an interview with Tribune Business, said the “only ac
